News & Updates
Inside Innovation
The latest news and advances from the world's most exciting life science cluster.

Addiction treatment company Proniras raises $4.6M, filing shows
Proniras Corporation, a biotech company based in Seattle, raised $4.6 million in funding and is seeking nearly $8 million more, according to a recent SEC

VC investments slowed in 2023, but these Pacific Northwest startups still raised sizable rounds
Avalyn Pharma, AltPep, Viome Life Sciences and Parse Biosciences are among various Seattle startups that secured ample funding in 2023, despite tightening budgets, reduced venture

Seattle-based Neoleukin folded into New York biotech after merger
Neoleukin Therapeutics, a biotech company that spun out of the University of Washington in 2019, finalized its merger with Neurogene, a biotech firm based in

Parse Biosciences raises $50M for single cell sequencing tech
Seattle biotech startup Parse Biosciences received $50 million in funding from a Series C equity round. Capitalist firms including Soleus Capital, Marshall Wace and Bioeconomy

Prenuvo bringing its celebrity-endorsed full-body MRI scanning to new Seattle clinic in 2024
Seattle will be the site of a new Prenuvo clinic, a full-body imaging company from Silicon Valley specializing in MRI scans. The company’s full-body machine,

BMS Inks Potential $8.4B Deal for SystImmune’s ADC for Lung, Breast Cancer
Redmond-based biotech company Systimmune has secured an exclusive license and collaboration agreement with Bristol Myers Squibb (BMS) to support the development of its solid tumor

Pfizer gets OK for $43-billion Seagen deal after donating cancer drug rights
Pfizer’s pending acquisition of Seattle-based biotech company Seagen closed on December 14th, according to an announcement from Pfizer. Amid the newly approved deal, Pfizer plans

AstraZeneca will pay up to $1.1B to acquire Icosavax, a Univ. of Washington biotech spinout
AstraZeneca announced that it will pay up to $1.1 billion to acquire Seattle-based biotechnology company Icosavax. Spun out of the Institute for Protein Design at

Brainchild Bio Launches to Expedite CAR T-cell Therapy Development
A new biotech company called BrainChild Bio was created by Seattle Children’s Clinic. The company’s focus is a CAR T-cell therapy initiative aimed at treating

Seattle biotech hub pursues ‘DNA typewriter’ tech with $75M from tech billionaires
The Seattle Hub for Synthetic Biology (the Hub), a new biotech company specializing in self-monitoring cells, received $75 million to support its collaboration with University

The Top 50 Women Leaders of Seattle for 2023
Nadia Dac, Omeros Corporation’s chief commercial officer, was named one of the top 50 women leaders of Seattle by Women We Admire. Dac has nearly

AstraZeneca, AI biologics firm Absci tie up on cancer drug
Biotech company Absci, based in Vancouver, Washington, is teaming up with AstraZeneca to create antibody therapeutics to combat cancer. The deal is worth over $200
